MY IDEAL HOME

If you have ever dreamed of owning your own home, take a moment to fill out and submit this page. We do not give out your information to anyone without your permission nor do we sell your information. Also, submitting this information in no way obligates you to anything. Once we get your submission, we will contact you to verify some of the information, find out your specific needs and discuss how we can help you. No worries !

Single Family Minimum number of selections not met.Maximum number of selections exceeded.

Single Family w/ in-law suite Minimum number of selections not met.Maximum number of selections exceeded.

DuplexMinimum number of selections not met.Maximum number of selections exceeded.

Multi-Family (3+ units)

Condo Minimum number of selections not met.Maximum number of selections exceeded.

TownhouseMinimum number of selections not met.Maximum number of selections exceeded.

TrailerMinimum number of selections not met.Maximum number of selections exceeded.

Other :Minimum number of selections not met.Maximum number of selections exceeded.

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We strongly recommend for you to review the Rent-To-Own Qualification and Fair Market Rent pages before filling out the form above. This is important because it will help familiarize you with what is realistically available on the market today in the area(s) you are considering.

To see if you pre-qualify for a Rent-To-Own, this is what you do:

Look up Fair Market Rent (FMR) for the area(s) and number of bedrooms you are looking for.

(For a 5-bed, multiply 4-bed FMR by 1.15, for a 6-bed, multiply 4-bed FMR by 1.30 (and so on).)

Multiply FMR by 0.80 (In other words 80 % of FMR).

Multiply above by 3.

You would need to make this much or more per month (gross income, before taxes).

For example, if Fair Market Rent is $1,500/mo., you would need to make at least $3,600/month (gross income, before taxes) [$1,500 x 0.80 = $1,200; $1,200 x 3 = $3,600]. Fair Market Rent figures are not what the actual rent would be but simply a "ballpark" estimate of what the rent is likely to be. Actual rent could be higher or lower than Fair Maket Rent. The more expensive the property, the higher the rent.

Also, a rent premium for the option to purchase is required. This is generally payable in full up-front. This usually means a minimum of 5 months rent is needed up front for a "rent-to-own"/lease with exclusive option to purchase (1st month's rent + minimum of 4 months 'rent premium' for the option). Most options cost between $5,000-10,000.

If this is too much for you, no worries, an installment plan could be set up for the rent premium. This would add to the monthly 'regular' rent (rent covering the lease and not the option). This would lower amount due up front. Another option is a 2nd (or 3rd) annual rent premium. To learn more about how the Rent-To-Own (lease with exclusive option to purchase) program works, please visit Tenant-Buyer FAQ's and Terms and Conditions.